Your lender will look at scores from each of the three credit bureaus: Equifax, Experian, and TransUnion. Most lenders will then drop the highest and lowest and use the middle score in making their determination. Your credit score is affected by a number of different factors and plays different roles in different loan scenarios.
How are credit scores calculated?
Credit or FICO scores are based on a combination of the following factors:
Payment History (35%)
Amount of Credit Used (30%)
Age of Credit (15%)
Mix of Credit Types (10%)
New Credit Inquiries (10%)
Credit Scores for All Types of Mortgages
Your credit score is affected by a number of different factors and plays different